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  • Financial Wellness For Millennials (iFLY)

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    crstngnt1991
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    The document outlines alternative uses for funds from a critical illness rider if it is not claimed, including education, retirement, and death benefits. It notes the amounts for these benefits assume no prior critical illness or disability claim. If a claim is made, the plan terminates and available fund value is provided. It cautions the figures are for illustration only and returns are estimated at 10% annually, not guaranteed. The example provided is for a 30-year old male insured under a unit-linked whole life insurance program.

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    Financial Wellness for Millennials (iFLY) (1)

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    The document outlines alternative uses for funds from a critical illness rider if it is not claimed, including education, retirement, and death benefits. It notes the amounts for these benefits assume no prior critical illness or disability claim. If a claim is made, the plan terminates and available fund value is provided. It cautions the figures are for illustration only and returns are estimated at 10% annually, not guaranteed. The example provided is for a 30-year old male insured under a unit-linked whole life insurance program.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views28 pages

    Financial Wellness For Millennials (iFLY)

    Uploaded by

    crstngnt1991
    The document outlines alternative uses for funds from a critical illness rider if it is not claimed, including education, retirement, and death benefits. It notes the amounts for these benefits assume no prior critical illness or disability claim. If a claim is made, the plan terminates and available fund value is provided. It cautions the figures are for illustration only and returns are estimated at 10% annually, not guaranteed. The example provided is for a 30-year old male insured under a unit-linked whole life insurance program.

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    © All Rights Reserved
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    Flag for inappropriate content
    of 28

    Source: http://www.worldometers.

    info/world-population/
    Source:
    http://www.kaplanuniversity.edu/business/articles/pat
    h-to-ceo.aspx
    mill
    Alternative fund uses if critical illness rider is not availed of. The release of and the corresponding benefit amount for the Education Fund,
    Retirement Fund and the Death Benefit are on the assumption that no prior critical illness/disability claim has been made. Otherwise, the
    plan terminates at claim and the available fund value shall be provided. These figures are for illustration purposes only and should not be
    construed as guaranteed income. Fund performance is estimated at 10% returns which is not guaranteed. Benefit assumptions: PAA Plus
    (Regular-pay Unit-linked Whole Life Insurance Program)- 30 yo Male - Base Premium at 36,000- Face Amount 1M – TPD 1M- LCB 600,000-
    ADD 60,000 & PA Default 500,000- client withdrawal @ year 16 of 500K- 100% Equity Fund.

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